Where would your business be if someone walked off with the secret formula of your most valuable product? Your client lists? Your confidential business strategies? Other confidential information that has been entrusted to you? Multinational companies lose billions of dollars annually as a result of trade secret theft. And no company is immune...
One way to reduce the risk and consequences of trade secret theft is to conduct a trade secret audit. An audit will allow you to identify your company’s valuable trade secrets, evaluate your current protection strategy, analyze the strengths and weaknesses and formulate a plan for protecting intangibles against potential unlawful intruders.
Our attorneys are not only trained in trade secret protection and litigation, but also employment law, privacy issues, and other innovation protection, such as patent, copyright and trademark law. Further, our outsourced experts in computer data security and employee monitoring can assist us in developing the best methods to safeguard YOUR company assets.
A trade secret audit will uncover things like defects in title, vulnerabilities in employment agreements and license agreements, and company procedures that need revising or updating. A trade secret audit is also necessary for facilitating certain transactions, like mergers or acquisitions, as well as the transfer of a significant IP asset. It will sharpen your business strategies and position your company to fully exploit your most valuable assets. Taking these precautionary measures will position your company to successfully pursue legal challenges if ever necessary.